Indian Bank Interview Questions & Answers

Check Recently Asked Indian Bank Interview Questions & Answers from this article and prepare well for Indian Bank Interview Session. It is the perfect way to start preparation for any interview process.

Aspirants, who want to prepare well for Indian Bank Interview, they must go through the frequently asked Indian Bank Interview Questions. Following Indian Bank Interview Questions & Answers will helpful for you, if you want to clear the Bank Interview.

Indian Bank Interview Questions/ Answers

As we all know that, in an interview session, interviewee always asked confusing and diplomatic question. So, don’t be confused in this situation, try to give proper answers for that question.

And, you can also prepare for your interview according to below mentioned Indian Bank Interview Questions & Answers. Hence, read this article very carefully which is created by team of recruitmentresult.com.

Indian Bank Interview Questions & Answers

Ques 1) Why do you choose bank job as your career?

Ans. You just say, “Job Security and Job in Bank of India is a privilege and it is a service to nation”

Ques 2) Tell us about yourself?

Ans.Introduce yourself, your education, your current job, etc in a short and sweet manner.

Ques 3) What is a bank?

Ans. A bank is a financial institution whose primary activity is to act as a payment agent for customers and to borrow and lend money. It is an institution for receiving, keeping, and lending money.

Ques 5) Can you explain the reforms that taken place in the Indian banking industry?

Ans. The Narasimham Committee laid the foundation for the reformation of the Indian banking sector.Constituted in 1991, the Committee submitted two reports, in 1992 and 1998, which laid significant thrust on enhancing the efficiency and viability of the banking sector.

Ans. A Bank rate is the interest rate that is charged by a country’s central or federal bank on loans and advances to control money supply in the economy and the banking sector. This is typically done on a quarterly basis to control inflation and stabilize the country’s exchange rates.

A fluctuation in bank rates triggers a ripple-effect as it impacts every sphere of a country’s economy. For instance, the prices in stock markets tend to react to interest rate changes. A change in bank rates affects customers as it influences prime interest rates for personal loans.

Ques 9) What is Cash Reserve Ratio – CRR?

Ans. The Cash Reserve Ratio (CRR) refers to the liquid cash that banks have to maintain with the Reserve Bank of India (RBI) as a certain percentage of their demand and time liabilities.

For example if the CRR is 10% then a bank with net demand and time deposits of Rs 1,00,000 will have to deposit Rs 10,000 with the RBI as liquid cash.

Ans.Statutory Liquidity Ratio refers to the amount that the commercial banks require to maintain in the form of cash, or gold or govt. approved securities before providing credit to the customers.

Statutory Liquidity Ratio is determined and maintained by the Reserve Bank of India in order to control the expansion of bank credit.

Ques 11) What is Repo rate?

Ans.whenever the banks have any shortage of funds they can borrow it from the central bank. Repo rate is the rate at which our banks borrow currency from the central bank. A reduction in the repo rate will help banks to get Money at a cheaper rate.

When the repo rate increases borrowing from the central bank becomes more expensive. The Reverse repo rate is the rate at which the central bank borrows from the banks, while the Repo rate is the rate at which the banks borrow from the central bank.

Ans. Inflation is increase in price of products & decrease in value of money.

Ques 13) Difference between Repo rate and Bank rate?

Ans.The Main difference between Repo rate and Bank rate is that Repo rate is the discounting offered by the RBI on the monetary bill hold by the Banks.

Ques 14) Difference between debit and credit?

Ans.Debit is amount deducted from your account. Credit is amount deposited in your account. You transfer money to your friend then money is debited from your account and is credited to your friends account.

Ans.You should have account with a bank to get debit card. You can withdraw only the money present in your account. For example you have 1000 INR in your account then you can withdraw this much using your debit card.

You do not need to have account with bank to get credit card. You can spend certain amount of money from your credit card. The limit is called your credit limit.

Ques 16) What is Para Banking?

Ans:The term Para Banking includes all the services provided by banks apart from day to day banking such as Debit cards, Credit cards, Life Insurance products, Cash Management services etc.

Ans:The brown label ATM refers to the ATMs where investment, installation and maintenance is by a private operator but the license and branding is by a commercial bank.

Ques 25) What is the CAD?

Ans:The term CAD stands for current account deficit and it is the difference between the imports and exports of a nation in one financial year

Final Note:

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